"We will encounter some sort of cyclical event during which corporate profitability deteriorates.... *COUGH, COUGH* excuse me" Uncanny foreshadowing. 35:20
wonderful insights, but I think, eventually when the active managers can not provide enough liquidity to support the market, central bank is going to swoop in and save the day. So far, the Fed can only hold MBS and Treasuries. Eventually, Fed is going to be able to hold corporate debts.
Can anyone explain what he means when he says instead of owning 40% bonds and 60% equities you now own 100% bonds and 100% equities? I understand the part about bonds creating a synthetic put on equities, but the rest is lost on me. Is he saying that people are leveraging their bonds to buy equities?
I don't have evidence but it appears that more and more people are buying individual stocks these days usually platforms like Robin Hood. How does this play into this index fund scare?
Really? Please give me one example and explain why you consider it to be gibberish. The onus is on you. Just because you can’t understand the concepts, doesn’t mean they’re gibberish.
@@ControlTheGuh I was talking about the "stock market" - NOT the "bond market", "currency..." or "commodity..." (I don't really care about which one is "yours")
Under appreciated thesis but highly relevant, as we will see in the future years.
Thank you Mr. Green. Goddamn brilliant.
"We will encounter some sort of cyclical event during which corporate profitability deteriorates.... *COUGH, COUGH* excuse me"
Uncanny foreshadowing. 35:20
Brilliant presentation. Mr. Green has further elaborated his thesis in various interviews.
[14:12]Feb 2018, comovement, # of stocks moving in the same direction hit 100 %.
It happened again in December.
No one's going to be able to do price discovery when you're fighting passive
Don't fight it. It's value time.
wonderful insights, but I think, eventually when the active managers can not provide enough liquidity to support the market, central bank is going to swoop in and save the day. So far, the Fed can only hold MBS and Treasuries. Eventually, Fed is going to be able to hold corporate debts.
Brilliant.
WELL, he was right
Curious to see him update this thesis with the current retail run in the stock market
Can anyone explain what he means when he says instead of owning 40% bonds and 60% equities you now own 100% bonds and 100% equities? I understand the part about bonds creating a synthetic put on equities, but the rest is lost on me. Is he saying that people are leveraging their bonds to buy equities?
The way Mike so eloquently explained why interest rates don't matter when discounting equities left me with a long pause...
Dead on
I don't have evidence but it appears that more and more people are buying individual stocks these days usually platforms like Robin Hood. How does this play into this index fund scare?
thats pocket money, who has hundreds of grands invest in etfs or mutual funds
High level GIBBERISH
Really? Please give me one example and explain why you consider it to be gibberish. The onus is on you. Just because you can’t understand the concepts, doesn’t mean they’re gibberish.
@@mkaberli
This is not a "market" - it's actively managed, actively watched etc. Most of what he says is irrelevant
@@fallenangel2123 lol you must be in another market than I am. May want to read up how passive is doing buy and sell decisions
@@ControlTheGuh
I was talking about the "stock market" - NOT the "bond market", "currency..." or "commodity..." (I don't really care about which one is "yours")
@@ControlTheGuh
... "... buy and sell decisions ..."
this one is easi - SELL the rallies and BUY the dips